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We have had a lot of negative information in the news lately, with the foreclosure problems, bank solvency and the economic slowdown. This spate of bad news got me thinking about how successful entrepreneurs often see negative information differently from the rest of us. They often see opportunities in negative news.
For instance, several entrepreneurs responded to news about global warming to see an opportunity for mining for minerals in the arctic, which are becoming more accessible due to the melting of the polar ice cap. There were entrepreneurs who capitalized on the increased demand for the American flag after 9/11 by selling products with the American flag on them. And there are entrepreneurs who have responded to the foreclosure crisis by providing services inspecting and cleaning up foreclosed homes for the banks that now own them.
My point is not that the negative news isn’t bad. It is.
But even bad events bring opportunity. The fact that some successful entrepreneurs hear the bad news and think about the opportunities that such news creates, when most people think about the bad outcomes in bad news, is instructive. It points out something about a way of thinking that successful entrepreneurs seem to have.
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About the Author: Scott Shane is A. Malachi Mixon III, Professor of Entrepreneurial Studies at Case Western Reserve University. He is the author of seven books, including Illusions of Entrepreneurship: The Costly Myths that Entrepreneurs, Investors, and Policy Makers Live By and Finding Fertile Ground: Identifying Extraordinary Opportunities for New Ventures


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On this week’s plate: USDA creates Agricultural Competition Partnership to alleviate anticompetitive market structures in agriculture and food industries; researchers at Canadian university create new food packaging with ability to detect contaminants; registration opens for Food ingredients (Fi) Europe; and more.
July 24, 2023
Competitiveness in the food and beverage industry is inevitable, but USDA is working to create an even playing field with a recent initiative. Also, newly unveiled food packaging technology detects certain foodborne illnesses and pathogens, helping consumers identify food contamination without even opening a package. There’s even more industry news, which you can read about in this week’s column.
Inflation is apparent, especially when perusing grocery store aisles. In an effort to address consumer inflation and create a fairer marketplace, USDA launched a partnership with attorneys general in 31 states and District of Columbia “to help reduce anticompetitive barriers across food [and] agriculture supply chains.” The Agricultural Competition Partnership—which all states are eligible to join by sending USDA a letter of intent to participate—will offer states funding and research support. U.S. Secretary of Agriculture Tom Vilsack also announced the newly established Farmer Seed Liaison initiative, which increases competition for seed growers and plant breeders, and gives farmers more transparency into the patent process. The Farmer Seed Liaison will consist of USDA staff and academic cooperators.
A group of 11 scientists at McMaster University in Hamilton, Ontario, recently unveiled an innovative new packaging tray with the ability to detect when salmonella or other dangerous contaminants are present in sealed packages of raw or cooked food. This new technology was designed to save lives, money and food waste, according to Akansha Prasad, one of the researchers and co-lead author of a paper that describes the new invention. The tray, which is shaped like a hollow boat, is lined with a food-safe reagent and built-in sensor designed to detect salmonella, as well as other common foodborne pathogens like E. coli and Listeria monocytogens. The sloped sides direct food juices to the sensor embedded in a window at the bottom, which individuals then scan with a cellphone and receive immediate results. The new contamination sensor was designed as part of the team’s “Lab-in-a-Package” project to create a detection system that didn’t require costly lab analyses that contribute to increased costs for producers, retailers and consumers.
Hemp made strides with the introduction of the 2018 Farm Bill. USDA has since provided a regulatory framework for hemp production and FDA set the standards for hemp- and cannabis-derived products. To better educate consumers and retailers about hemp-derived beverages, more than 50 beverage brands, cannabinoid producers, testing laboratories, manufacturing facilities and consulting agencies formed a new trade association. The Hemp Beverage Alliance, which believes industry transparency is key, is developing materials and programming about the products, the current regulatory environment and best practices employed by its members. “This is a brand-new industry, and with that comes confusing and sometimes conflicting information about the products and where they can be sold,” Paige Endsley, R&D lead for Living Juice and chairwoman of the Alliance’s education committee, said. “The Hemp Beverage Alliance is committed to educating consumers and retailers on what these drinks are, how they work, and how and where they should be sold.”
For more than 35 years, Fi Europe has been uniting the world’s leading food and beverage suppliers, R&D experts, production specialists and buyers. The annual event, co-located with Health ingredients (Hi) Europe, is being held Nov. 28-30 in Frankfurt, Germany. More than 1,200 F&B ingredient exhibitors will showcase a diverse range of new ingredients and services to more than 25,000 professionals from 135 countries expected to attend. Visitor registration is currently free for a limited time. Click here to register.
Sugar-free foods and beverages have long been sought out by consumers, prompting manufacturers and brands to offer a variety of options. Functional food and nutraceutical ingredient supplier Anderson Advanced Ingredients recently introduced SinClusions, a line of sugar-free inclusions for baked goods, desserts and confectioneries. The new offerings—chocolate chips, chocolate coatings and sprinkles—incorporate natural sweeteners, including allulose and erythritol. The brand showcased three of the newest products—SweetScience chocolate chips, allSWEET allulose chocolate and PolySWEET sprinkles—at the recent Institute of Food Technologists (IFT) FIRST show in Chicago. The patented SweetScience sugar substitute, a new sugar-free solution in the market, is used in a variety of milk, white and dark chocolate chips.
Heather Carter is the associate editor of Food & Beverage Insider at Informa Markets. She has worked in B2B publishing for nearly a decade, covering a variety of topics, from tile to bedding to food & beverage industry.
Like what you’re reading? Be sure to subscribe to Food & Beverage Insider’s weekly newsletter so you never miss a “bite.” Click here to subscribe or reach out to Heather Carter at [email protected] to learn more about being featured.
Associate editor, Food & Beverage Insider
With over a decade of diverse professional experience under her belt, Heather has journeyed from the bustling world of local news reporting to the intricate realms of trade publishing. She has covered a wide array of topics, ranging from architecture and design to the food and beverage industry.
During her illustrious career, Heather also ventured into the realm of public relations, where she gleaned invaluable insights into the art of strategic communication and brand storytelling. Yet, her heart has always been anchored in the vibrant world of F&B, a passion deeply ingrained in her roots as the daughter of a seasoned chef. She has always held a profound appreciation for the role food plays in shaping cultures and connecting people.
With each story she tells, Heather seeks to illuminate the profound impact of food and beverage on people’s lives, celebrating its ability to evoke emotions, foster connections and weave the fabric of our shared human experience.
As Food & Beverage's associate editor, she co-publishes a weekly news column, Business Bites, which showcases the latest industry news, highlighting key business updates, food and beverage innovation, industry events and more. Some of her other articles touch on important topics, such as ultra-processed foods, plant-based foods primed to change the food landscape, international flavors and ingredients, as well as better-for-you CPGs. She also frequently covers top trends at various industry events and has moderated first-of-their-kind education sessions at Informa events.
She can be reached at [email protected].
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President Barack Obama has said that his top priority in any trade negotiation is to expand the opportunity for Americans and take leadership of the global economy. Obama’s comments came as Senate Finance Committee chairman Orrin Hatch and senators Ron Wyden and Paul Ryan introduced the bipartisan Trade Promotion Authority (TPA) legislation which was also hailed by the country’s fashion industry.
“It’s no secret that past trade deals haven’t always lived up to their promise, and that’s why I will only sign my name to an agreement that helps ordinary Americans get ahead. At the same time, at a moment when 95 per cent of our potential customers live outside our borders, we must make sure that we, and not countries like China, are writing the rules for the global economy,” Obama said.
The TPA bill comes as the two most ambitious trade negotiations in the nation’s history – the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (T-TIP) – are underway to further tear down trade barriers to American goods and services. According to World Bank data, these two trade agreements together would further open markets encompassing nearly 1.3 billion customers and approximately 60 per cent of global GDP product. TPA lapsed in 2007 and is needed for the US to successfully conclude these negotiations.
Secretary of State John Kerry joined Obama in congratulating the three-member panel for providing a framework that would allow the US and its global partners to complete two of the most significant trade agreements in American history, the TPP and the T-TIP that together will encompass nearly two-thirds of the global economy. “The US must remain a leader in global trade, and not run the risk of being left on the sidelines while others set the course. I urge Congress to pass TPA without delay,” Kerry said.
The US Fashion Industry Association (USFIA) has hailed the introduction of the TPA. “Trade Promotion Authority is essential for the conclusion of high-standard, 21st-century trade agreements,” says Julia K Hughes, president of USFIA. “The fashion industry applauds the introduction of TPA and urges Congress to pass the legislation as soon as possible so we can see the swift conclusion of the Trans-Pacific Partnership (TPP) and other key trade negotiations,” Hughes was quoted as saying by the USFIA website.
The passage of TPA will allow the Obama Administration to conclude the TPP, a potentially groundbreaking agreement for fashion brands and retailers doing business in the Asia-Pacific region, as well as create ambitious trade policy for the future, such as the TTIP, a historic trade negotiation with Europe.
American clothing major Gap has also applauded the TPA. “TPA is key to making sure US companies and workers get the best possible outcomes in trade agreements,” said Sonia Syngal, executive vice president of Gap’s global supply chain and product operations. (SH)
Fibre2fashion News Desk - India


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These days, it seems like it’s easier than ever to turn a good idea into reality. This is the era of Kickstarter, where entrepreneurs can connect with potential investors at the click of a button.
Of course, it takes more than money to grow an idea. It takes an atmosphere that fosters creativity and rewards innovation. And at a deeper, less obvious level, it requires strong, secure infrastructure—roads and bridges, but also internet access and community facilities like hospitals and schools—that improves connectivity and access to information, moves products to market, and makes communities competitive and attractive to new businesses and investments. Read more »
What began as a small sail-making shop in 19th century New York City has evolved into the modern realization of one family’s American Dream—a family-owned and –operated small business whose product has been a part of some of the most iconic images in our nation’s history.
Alexander Annin’s sail-making shop, established in the 1820s, has evolved into the oldest and largest flag company in the United States and is still in operation today. Commencing with Zachary Taylor’s 1849 presidential inauguration; to the flag-draped coffin of President Abraham Lincoln in 1865; onward to the iconic image of U.S. Marines hoisting the flag on Iwo Jima’s Mount Suribachi in 1945; to the flag planted by Neil Armstrong and Buzz Aldrin on the moon in 1969—all were Annin-made flags. Read more »
Agriculture is one of the brightest spots in our economy, and the American brand of agriculture is surging in popularity worldwide. Trade and market access support good-paying jobs and drives economic growth. A strong rural economy is critical to the overall economic health of the United States.
The past five years represent the strongest in history for agricultural trade with U.S. agricultural product exports totaling $619 billion over five years. Agricultural exports in fiscal year 2013 alone reached $140.9 billion, the highest level on record, and supported nearly one million jobs here at home. Read more »
This week, I visited Canonsburg, Pennsylvania, a small city outside of my hometown of Pittsburgh to kick off the first of five Made in Rural America forums designed to help rural small businesses access the information they need to grow through exports.
The global appetite for high-quality, American-made products is well established. Over the past five years, rural America has achieved record agricultural exports, but the rural economy is diverse. Last fiscal year, agricultural exports reached a record $140.9 billion and we are on track for another record year, with fiscal year 2014 agricultural exports projected to reach $149.5 billion. Last year was also the fourth-straight record-setting year for U.S. exports as a whole, reaching $2.3 trillion. Read more »
Zena Forest Products' owner and Value Added Producer Grant recipient, Ben Deumling, explains the uses and values of different sizes of sustainably harvested Oregon white oak to USDA Rural Development Administrator for Rural Business Service Lillian Salerno at the company site near Salem, OR.
In his Small Business Week Proclamation earlier this week, President Obama said, “Small businesses represent an idea at the heart of our Nation’s promise — that with ingenuity and hard work, anyone can build a better life.”
Having started my own manufacturing company in rural Texas many years ago, I believe small business folks are American heroes. What it takes to get a business going and the immense responsibility of employing others and developing markets is very hard work especially in rural areas. The work of an entrepreneur is also rewarding and those relationships with employees, customers and the community are lifelong. For rural entrepreneurs, their companies are part of the fabric of the community.
One of the main obstacles getting a business off the ground is locating the capital to invest in communities. Seeking a business loan or receiving an equity investment is such a critical path for startups and to keep entrepreneurship vibrant in rural America because we know the type of jobs created by small business are the ladders of opportunity. Read more »
National Small Business Week began yesterday with a proclamation from President Obama recognizing the small businesses across the Nation which, especially in our rural and small-town communities, making vital contributions to communities and the American economy.
Individually, the impact of a small business may seem minor in comparison with conglomerates. The Small Business Administration (SBA), however, estimates that more than half of our American workforce either owns or is employed by a small business, and two out of every three new jobs in the U.S. each year is created by–you guessed it–a small business. It’s clear this portion of economy is significant, but in rural towns and areas where each job and transaction has an effect on the community, small business is essential. In rural America, the entrepreneurs, mom-and-pop shops, agri-businesses, small-scale manufacturers, and other enterprises are the local economy. Read more »


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Huawei aims India investments of over $2 bln in 5 yrs
NEW DELHI (Reuters) - Chinese telecoms gear maker Huawei aims to invest more than $2 billion in India over the next five years in areas including expansion of its research and manufacturing capabilities in the country, one of the world's biggest telecoms markets.
Huawei's announcement comes as the leaders of India and China meet this week to try to boost trade and soothe tensions between two nations.
Huawei will build a new research and development campus in India's southern city of Bangalore, adding to its existing facility in the country and increasing the number of engineers engaged in research to about 3,000 from 2,000 currently, the company's India unit said in a statement on Tuesday.
Huawei said it had recently started its first-phase local manufacturing in Chennai in south India and was further exploring other forms of co-operation in local manufacturing.
Huawei, which last year logged about $1.5 billion in contract sales in the Indian market, or about 5 percent of its total, currently employs more than 6,000 people in the country.
(Reporting by Devidutta Tripathy; Editing by Aradhana Aravindan)
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India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article


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Dalma Mall, one of the most preferred shopping, retail and entertainment destinations in Mussafah – Abu Dhabi, is taking the digital media experience to a completely new level with Dalma iWall. Between August 13 and 17, 2015, the interactive Dalma iWall will come alive in the Mall between 7:30pm and 9pm, offering a unique experience for customers to collaborate, communicate and explore.
With the Dalma iWall, customers can creates a digital and virtual graffiti on a projection screen using digital spray cans. They can take pictures, view them on-screen, drawing on these images using digital spray cans and instantly upload them on social media.
Dalma Mall will pick the 10 most creative pictures, and post them on Facebook. The most liked pictures stand to win big, with two winners walking away with amazing prizes every week.


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The launch of Xiaomi Redmi K40 in China is scheduled on February 25 and it seems that the smartphone will come alone, after which the Redmi K40 Pro is expected to arrive. The price and specifications of the Redmi K40 are already tilted, and Redmi general manager Lu Weibing revealed that this will be the smallest hole in the smartphone yet. Now, the Redmi K40 and Redmi K40 Pro designs are revealed in their entirety through images posted on the Chinese certification website TENAA.
Xiaomi Redmi K40 and Redmi K40 Pro on TENAA
Xiaomi Redmi K40 and Redmi K40 Pro will look similar in terms of design, based on photos seen on TENAA. Both phones will feature a small center-aligned hole cutout on the screen and a rectangular rear camera module with curved corners. Reminiscent of Mi 11. Two large camera sensors and two small sensors are visible in the home in both camera systems. Like the Redmi K40 Pro.
Redmi K40 and Redmi K40 Pro specification
The Redmi K40 is expected to have a FHD + display with a 120Hz refresh rate and LCD panel. The smartphone can be powered by a MediaTek Dimension 1200 chipset or Qualcomm Snapdragon 870 chipset. The phone can come with 6 GB RAM and 128 GB internal storage. The device should be based on MIUI 12.5 which is out of the box for Android 11 and we expect to see 5G support as well.
The Redmi K40 Pro is expected to be a more exclusive version and the phone can be powered by a Qualcomm Snapdragon 888 chipset. The device can come with a QHD + AMOLED display, 120Hz refresh rate and 256GB internal storage. Redmi K40 Pro can also offer 108MP main camera. Other Redmi K40 and K40 Pro specifications remain a mystery for now.
Xiaomi has had a field day at the TENAA office. Earlier today, a Black Shark phone was certified by the authority, and now three more phones have appeared with photos, but no specs. The Redmi K40 series has two Redmi phones, as well as a Mi device, which looks like the Mi 10 Ultra, but perhaps an updated Mi 10 phone with a Snapdragon 870 chipset.
The two Redmis come with another interesting camera design: two large circles, vertically, with two more shooters in two smaller holes between them, sitting horizontally. There is also a simple dual LED flash on the side of the rectangular island.
The original Xiaomi Mi 10 Ultra (aka Commemorative Edition in China) came with the Snapdragon 865 chipset and was never made outside of the home scene, which is why we call it “one of the best smartphones that cannot be bought”. “Hopefully this new phone will eventually make it global.
The Redmi K40 phone will be unveiled on February 25, however we do not have any information about the latest Mi phone launch yet.


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What’s NOT on the Menu?
Americans consume 54 billion meals a year at fast-food and table-service restaurants. This means that, on average, they eat a meal outside the home about every other day. Research has shown that these meals have contributed to the rise in obesity.
Scot Burton and Betsy Creyer are willing to bet that if Americans knew the number of calories and amount of fat and sodium in many meals consumed outside the home, they might choose a more nutritious menu item. They aren’t psychologists, but Burton and Creyer think many people would consider modifying their behavior if restaurants provided nutrition information on menus and menu boards. The information could help consumers make wiser decisions about the type of food they eat, which in turn could have an overall positive impact on public health.
For the past several years, Burton and Creyer, marketing professors in the Sam M. Walton College of Business, have studied consumer knowledge and attitudes about food purchased at McDonald’s, Subway, Chili’s, Applebee’s and scores of other establishments in which Americans eat more than half their meals and spend more than $400 billion annually. Specifically, Burton and Creyer examine the potential health benefits associated with providing nutrition information and the effects that information could have on consumer perceptions about health and disease.
In two recent studies, they investigated the accuracy with which consumers estimate the nutritional content of restaurant meals and how consumer attitudes about those meals change when nutrition information is provided. The researchers made two important discoveries.
A majority of people consistently underestimate the number of calories and amounts of unhealthy nutrients in the food they eat at restaurants. This is especially true for diners who prefer hamburgers and fries, baked potatoes loaded with cheese, sour cream and bacon bits and other meals with many calories and a lot of fat and sodium.
“Our findings illustrate how poorly consumers understand the nutritional content of many of the meals they eat outside the home,” Burton says. “Reasonable consumers know that a large number of these items aren’t healthy, but they still do not realize how unhealthy the meals can be and the possible effects of frequent, long-term consumption.”
Perhaps more importantly, Burton and Creyer discovered that when consumers are given specific and objective nutrition information about “unfavorable” meals — those high in calories, fat and sodium — they regard those meals unfavorably. In other words, if consumers know fettuccini Alfredo has 1,500 calories and 97 grams of fat — more than 30 grams above the recommended daily amount — their attitude about that dish changes for the worse. They perceive the meal to be less healthful and more likely to contribute to obesity and heart disease. The nutrition information also motivates them to change their purchase behavior.
“When we tell them how many calories or how much fat the food has, they get it,” Creyer says. “They see this and say, ‘Oh my gosh, I didn’t know. I didn’t know it had so much fat.'”
Who cares? So what if your Big Mac or Whopper has almost twice as much fat as you think? Does it really help to know that your turkey sandwich with mustard instead of mayonnaise has slightly fewer calories than you think it has? Several facts underscore the relevance of Burton and Creyer’s research:
More Americans are eating out more often. They eat 54 billion meals a year at fast-food or table-service restaurants. That’s more than a billion meals every week. On any given day, Americans spend more than $1 billion on restaurant food. According to the National Restaurant Association, American consumers will spend about $476 billion in 2005 on meals purchased and consumed outside the home. Approximately half of all the money Americans spend annually on food is spent in restaurants.
Also, Americans are fat. Recent reports indicate that almost two-thirds of all adults in the United States are obese or overweight. According to the Centers for Disease Control and Prevention, obesity rates for adults doubled between 1980 and 2000. During this same period, overweight rates doubled for children and tripled for adolescents.
Americans are sick and dying because they are fat. While public health officials and policymakers have softened assertions that obesity alone is an epidemic, there is no doubt that obesity has a positive connection to type 2 diabetes, cardiovascular disease and other chronic illnesses. Initial figures of death rates due to obesity were overestimated, but David Satcher, former U.S. Surgeon General, has warned that obesity will soon be the leading cause of preventable death in the United States.
Obesity hurts the U.S. economy. In 2003, an estimated $75 billion in health care costs were attributed to obesity. The CDC reports that from 1979 to 1981, U.S. hospitals spent $35 million treating obese and overweight children and adolescents. From 1997 to 1999, hospital costs for the same population groups soared to $127 million.
There are direct connections between the consumption of restaurant food and the rise in obesity. One recent study found a significant relationship between frequent fast-food dining and increases in body weight and insulin resistance, the two primary risk factors for type 2 diabetes.
Some large restaurant chains understand this connection and have exploited it as powerful marketing strategy. Subway, the fast-food chain with 23,741 restaurants worldwide, encourages customers to choose one of seven sandwiches with only six grams of fat. Chick fil-A, encourages consumers to “eat mor chikin” if they’re counting carbs, fat or calories.
Despite the health claims, restaurants, unlike producers of packaged food for sale in grocery stores, are not required to disclose nutrition information. However, this could change. Rep. Rosa DeLauro of Connecticut and Sen. Tom Harkin of Iowa have introduced the Menu Education and Labeling Act (MEAL), a potential sibling of the Nutrition Labeling and Education Act (NLEA), the 15-year-old federal law that led to the ubiquitous Nutrition Facts label on packaged food sold in markets, convenience stores and vending machines. If passed, MEAL would require table-service restaurant chains with 10 or more outlets to disclose calories, saturated fat and sodium levels on menus. Fast-food chains would be required to provide calorie information only adjacent to items on menu boards, the large, often-lighted signs near counters where customers order food. Some states, including Arkansas, have drafted their own bills based on MEAL’s language.
For their first study, Burton and Creyer asked participants to estimate the number of calories and amount of fat, saturated fat and sodium in nine popular entrees served in dinner-house restaurants. Before estimating the number of calories and nutrient levels, participants were given brief descriptions and serving-size information for each meal.
In designing the study, researchers selected meals that they categorized as “favorable,” “unfavorable” and “very unfavorable.” Favorable items — chicken breast, pot roast and turkey sandwich — contained no more than 640 calories and 26 grams of fat. Unfavorable items — fettuccini Alfredo, hamburger and fries, chicken fajitas, chef salad and patty melt and fries — ranged from 930 to 1,660 calories and from 63 to 97 grams of fat. One very unfavorable item, cheese fries, had 3,010 calories and 217 grams of fat.
Differences between estimated levels of calories and nutrients and actual levels varied greatly depending on the meal category. Most importantly, for the six unfavorable meals, participants consistently and significantly underestimated the number of calories and amount of fat, saturated fat and sodium. In other words, calories, fat and sodium in less favorable meals such as hamburger and fries and chicken fajitas are much higher than consumers expect.
For example, participants on average thought a large hamburger and fries had 777 calories, 37 grams of fat, 17 grams of saturated fat and 523 milligrams of sodium. The meal actually had 1,240 calories, 67 grams of fat, 29 grams of saturated fat and 1,270 milligrams of sodium. In other words, people may have a vague idea that a hamburger and fries isn’t good for them, but they have no idea that that meal alone contains more grams of fat and saturated fat than the recommended daily allowance for adults.
For the three favorable items, consumers either slightly underestimated or even overestimated the number of calories and amount of undesirable nutrients. For example, on average participants estimated a turkey sandwich with mustard instead of mayonnaise to have only 12 fewer calories than it actually has. Also, they thought the sandwich had nine more grams of fat and five more grams of saturated fat than it actually has.
“We hypothesized that a greater percentage of consumers would underestimate calorie and nutrient levels for the meals with more unfavorable nutritional content,” Burton says. “The data confirmed this prediction. The accuracy of estimates for the more favorable items shows us that people who prefer more healthful meals probably have a more realistic idea about the level of undesirable nutrients, such as fat and saturated fat, in those meals.”
In fact, the researchers found that the more unfavorable an item in terms of undesirable nutrients, the larger the gap between consumer expectations and actual nutrition levels. For example, consumers underestimated the only “very unfavorable” item — cheese fries, which had 3,010 actual calories and 217 actual grams of fat — by 2,141 calories and 177 grams of fat. They underestimated “unfavorable” items by an average of 642 calories and 44 grams of fat. For “favorable items,” participants underestimated by an average of only 43 calories and overestimated by an average of eight grams of fat. Another way of saying this is that 97 percent of the participants underestimated the grams of fat for a very unfavorable item, 90 percent of the participants underestimated the grams of fat for an unfavorable item and only 37 percent of the participants underestimated the grams of fat for a favorable item.
Knowing that consumers are generally unaware of the high levels of undesirable nutrients in restaurant meals, Burton and Creyer then asked: What are the potential health benefits associated with providing nutrition information on menus? They predicted that access to nutrition information would influence consumer purchase intentions and perceptions about the likelihood of weight gain and heart disease.
Participants in this portion of the study received a survey and mock menu with four items: deluxe hamburger with fries, chef salad, turkey sandwich and chicken breast with baked potato. They also received information on the daily value recommendations for fat (65g), saturated fat (20g) and sodium (2,400mg), based on a 2,000 calorie diet.
The researchers designed this part of the study to simulate the consumer experience if MEAL or similar legislation requiring the provision of nutrition information were passed. Some participants received menus with calorie and nutrient information next to each meal choice. Others received menus with calorie information only, simulating menu boards, and a third group received menus without any calorie or nutrient information.
Burton and Creyer asked participants to choose a menu item and, with the nutrition information provided, explain the choice. Also, participants were asked to share perceptions about the likelihood of weight gain and heart disease as it related to choosing one product instead of another on a regular basis.
The researchers discovered that providing calorie and nutrient information increased choices for the turkey sandwich, the item with the fewest calories and least amount of fat and saturated fat. Likewise, the provision of nutrition information caused participants to decide against meal items with calorie and nutrient levels that were worse than expected. Burton and Creyer emphasized, for example, that choices for the hamburger and chef salad items decreased from 37 percent to 24 percent when the number of calories and amount of fat, saturated fat and sodium were provided.
Furthermore, for those participants with menus that did not include nutrition information, the researchers could not find a marked difference in perceptions about weight gain and heart disease between the turkey sandwich, chef salad and chicken with potato. However, when the information was present, there was a large difference in disease-risk perceptions.
What about fast food? Do consumers consider the nutrition content of the meals they eat at Burger King, Subway, Sonic, Taco Bell and scores of other establishments Americans patronize on their lunch breaks or on the way home from work?
Previous research by Burton and Creyer demonstrated that consumers generally can distinguish the relative healthiness of one meal compared to other meals. In other words, most reasonable consumers know that a grilled chicken sandwich is better for you than a Big Mac. But, do they know how healthy or unhealthy these items are? How accurate are their expectations of nutrition content, and would point-of-purchase nutrition information change consumer attitudes about specific meal items?
To answer these questions, the researchers conducted a follow-up study of consumer experiences at fast-food restaurants. A new group of subjects — 155 undergraduate students — were asked to maintain a diary of their purchases at fast-food restaurants over a one-week period. Researchers then asked the participants to estimate the number of calories and amount of fat, saturated fat and sodium for each meal purchased.
In the third stage of data collection, participants consulted the restaurants’ Web sites to obtain actual levels of calories and nutrients. Finally, researchers asked the students to repeat their ratings for the meals. Specifically, they were asked to report their perceptions of meal healthiness, likelihood of gaining weight and heart-disease risk and the likelihood that they would repurchase those meals.
The fast-food study confirmed findings of the dinner-house study and answered several other questions. Most importantly, results of the subsequent study illustrated how poorly consumers understand the nutritional content of many fast-food meals. The researchers found that consumers significantly underestimate calories and levels of undesirable nutrients in meals that contain a lot of those nutrients.
This was especially true for young men. The researchers discovered that male participants eat at fast-food restaurants more than four times a week and, as predicted, offered estimates of nutrition content that were more inaccurate than those estimated by the female participants. In other words, young men eat fast food more often than young women and have a poorer understanding of how unhealthful the fast-food meals they eat are. Male participants thought the average meal contained 324 fewer calories than it actually had. They also underestimated the amount of fat in the average meal by 14.7 grams.
“For the week, this suggests that male participants consumed a full day’s worth of fat and some 1,400 calories they don’t know about,” Burton says. “This would project to more than 72,000 calories annually. This number of unknown calories per week is clearly capable of resulting in significant long-term weight gain if the consumption was not modified over time or counterbalanced by a significant amount of exercise.”
For all participants, knowledge of specific nutrition information about unfavorable fast-food meals led to unfavorable evaluations of those meals. In other words, with access to nutrition information for meals with high levels of undesirable nutrients, participants regarded those meals as unhealthy and thought the meals would increase the likelihood of weight gain and heart disease. Access to the information would also decrease their intentions of purchasing the meal again.
However, the researchers emphasized that participant exposure to nutrition information for lower calorie meals led to no significant changes or more favorable evaluations of those meals. Burton says this finding could result in market advantages for restaurant chains serving lower calorie meals.
Burton and Creyer’s research shows that attitudes about unhealthy meals change when consumers have access to specific information about calories and undesirable nutrients contained in those meals: Perceptions are more unfavorable or negative. Consumers think less of the meals, but does this mean they would choose a different, more healthful meal? Would they say, “I’ll have a grilled chicken sandwich without mayonnaise” instead of “I’ll take a Whopper, a large order of fries and chocolate milkshake”?
The researchers think many people, particularly those concerned about their weight or health, would modify their behavior and pick the chicken sandwich. They argue that disclosure of nutrition information at the point of purchase may reduce consumer choices for higher calorie, less nutritious items and may even lead to restaurants offering more nutritious meals.
“There’s a segment of the population that wants this information to be available,” Burton says. “And there’s a segment of the population who couldn’t care less. But, for those who do care, our findings suggest significant long-term health benefits may be obtained by providing nutrition information on menus and menu boards.”


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In view of the lockdown imposed in several parts of the country due to the second wave of the Covid-19 pandemic, Volkswagen Passenger Cars India has extended the vehicle service and warranty period for select customers till June 30, 2021.
According to the automaker, for the customers with car services due between April 1, 2021, and May 31, 2021, the same have been extended till June 30, 2021. If a car's two-year standard car warranty is expiring in April 2021 and May 2021, the customers can purchase the extended warranty till June 30, 2021.
"All existing customers who have already availed extended warranty and whose extended warranty period is due to expire between April 15, 2021, and May 31, 2021, could report to our authorised workshops till June 30, 2021, for any repairs under the extended warranty policy," Volkswagen Passenger Cars India said.
All the Volkswagen customers with a valid service value package and whose maintenance is due in April 2021 and May 2021, can avail the same with no extra costs at the automaker's authorised workshops till June 30, 2021. Also, the repair-on-site facility for roadside assistance policies expiring in April 2021 and May 2021 has been extended till June 30, 2021.
"Keeping in mind these unprecedented times, we have announced an extension to all our comprehensive services and warranties until June 30, 2021. As a customer-centric brand, we prioritise the safety of our customers and our extended service support package is an assurance that all services will be provided as applicable. We understand customer’s requirements and through these initiatives, we aim to provide peace of mind ownership experience to all our valued customers," Volkswagen Passenger Cars India Brand Director Ashish Gupta said.
Other automakers like Maruti Suzuki India, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, MG Motor India and Renault India have also extended the vehicle service and warranty period benefits for their customers.


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Get A Slice of This Forward-Thinking Food Provider
Self-checkout and cashier-free stores are disrupting retail. Delivery aggregators are wreaking havoc among fast-food chains. Everything is upside down.
Domino’s Pizza (DPZ), the world’s leading pizza brand, reported dismal same store sales Oct. 8. Managers blamed food delivery companies, then offered a way forward: More tech, and more stores.
It may seem counterintuitive, but it makes good sense … in a Domino’s sort of way.
The Michigan-based pizza company has been through countless interactions in its relatively short lifespan. Founded in 1960 as DomiNick’s by two Irish American brothers, the idea was always to build a chain of stores with similar branding and products.
Five years in, Tom Monaghan had bought out his brother, purchased an additional two locations and changed the name to Domino’s. By 1978, franchising and aggressive expansion pushed the number of storefronts to 200.
The cornerstone of Domino’s pledge to customers was fast service and reasonable prices. Meeting those commitments has not always been easy. But the company has already proven capable of finding new solutions and adapting.
In the early 2000s, new self-rising crust recipes and clever marketing from giant food processors Kraft Foods and Unilever made frozen, make-at-home pizzas more enticing. These deflated the entire delivery sector.
To make matters worse, Domino’s executives turned to canned and frozen ingredients to reduce overhead. The outcome was pizza that customers didn’t like. They complained of crust that tasted like cardboard. The sauce was compared to ketchup.
The way back into customers good graces began with technology.
Domino’s released a pizza tracker in 2008.
It was silly idea but following the progress of orders on computer screens, and later smartphones, gamified the process. It won new fans.
A year later the company spent millions re-imagining all its pizza recipes. When Patrick Doyle, a Domino’s veteran, became CEO in 2010, he doubled down on technology. His teams implemented a digital strategy that led to orders on smartphones and a zero-click purchase experience through smart TVs. Overall sales zoomed from $1.6 billion in 2011, to $3.4 billion in 2017.
Digital orders were more profitable. With the entire virtual menu laid out in front of them, customers are more likely to add to their orders, including a side of high-margin cheesy breads and soda to make a meal of it.
The business was positioned perfectly for digital evolution. Then the quick service restaurant world abruptly went analog.
Uber Eats, a division of Uber Technologies (UBER), GrubHub (GRUB), privately-held Door Dash and other companies started offering door-to-door, human delivery service.
Suddenly, every restaurant could match Domino’s core competitive advantage of fast delivery. McDonalds (MCD), for example, joined forces with Door Dash earlier this year.
The Wall Street Journal reported in July that Domino’s had its slowest quarterly sales growth in seven years. This trend continued into October, when the company missed both its revenue and profit targets for the third quarter.
Sales rose 4.4% to $820.8 million, well off the forecast of $823.9 million. Profits were $92.4 million.
Domino’s managers have always been at the forefront of technology, so that’s where they’re looking for a solution now.
They’re investing in new methods for delivery in order to complete. In New Zealand, Domino’s has already used delivery drones to get pizza to hungry customers quickly. And around the U.S., they’ve tested autonomous vehicles to reduce future costs and still compete with delivery services and competitors like Pizza Hut and Papa John’s (PZZA).
Related Post: Commercial Drones Hover Just Around the Corner
Through the first quarter of 2019, 65% of all Domino’s sales came from digital channels. This includes through new platforms like Alphabet’s (GOOGL) Google Home, Facebook’s (FB) Messenger, Apple’s (AAPL) Watch and Twitter (TWTR). Credentialed customers can even order Domino’s by texting a pizza emoji on their smartphone.
But the company isn’t focusing only on its tech. They see the irony that human couriers are having such a big impact on growth. So, they’ve given just as much thought to a curious analog solution: More stores.
As most companies race to reduce brick and mortar locations, Domino’s is taking the opposite trek, in a big way.
Rich Allison, the new chief executive officer, believes 10,000 new stores with ensure faster delivery times. He claims saturation will reduce overall unit costs and improve wages for workers. Another benefit is it will encourage customers to pick-up orders.
Carryout is a new business model with 2.5x the market opportunity of delivery, according to an October CNBC story. The goal is to entice the customer to come in to pick up their orders by reducing the price of a limited number of items.
So far, it’s working. Nearly 45% of third-quarter sales came from carryout this year.
The strategy also offers the unique benefit of better margins, because no delivery costs are incurred. Allison expects use these savings to offer a wider variety of new $7.99 carryout menu items.
In other words, he’s re-upping the original pledge to customers of fast delivery and reasonable prices.
The payoff could be big. Allison is projecting $25 billion in sales by 2025.
Domino’s is an unconventional company. Managers once embraced new business models and technology far before competitors, and it paid-off big. They set the standard back in the late 2010s.
Now, they’re looking to do it again.
Shares trade at 24x forward earnings and less than 3x sales. Investors should not count out Domino’s.
Jon D. Markman


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Almost a century ago, Coco Chanel unveiled the original little black dress. The 1926 garment would go on to become a fashion staple, so well-known that it is often referred to simply by the acronym “LBD.”
“It’s a mythic origin story,” Georgina Ripley, a curator of modern and contemporary design at the National Museum of Scotland, tells BBC News’ Pauline McLean. “It’s about the democratization, mass production and modernization of women’s dress.”
Chanel’s iconic design is where “Beyond the Little Black Dress” begins. The new exhibition at the National Museum of Scotland opened this month and runs through October 29. Through 65 looks, it explores how the versatility of the little black dress has allowed it to express both “piety and perversion, respect and rebellion,” according to a statement from the museum.
“Few garments are as iconic as the little black dress, which has often been held up by the fashion industry as the one piece every woman should have in her wardrobe,” says Ripley in the statement. “It has evolved dramatically in the century since its creation. From a simple shift dress which helped democratize women’s fashion to a bold political statement, it has moved through various iterations which reflect changing ideals of beauty and body image.”
Many black dresses existed before Chanel’s 1926 design, and black was already a fashionable color, Ripley notes. Still, “there’s something about this moment and the way it embodies the modernizing spirit of the 1920s,” she tells BBC News.
“Beyond the Little Black Dress” is the largest fashion exhibition ever staged at the museum. Alongside Chanel’s work, it features early pieces by Yves Saint Laurent, Dior and Schiaparelli, as well as contemporary designs by Gareth Pugh, Simone Rocha and Off-White.
Other dresses come from the world of entertainment, including a Fiona Dealey dress worn by 1980s singer Sade and the Christian Siriano minidress that Jonathan Van Ness of “Queer Eye” wore to the 2019 Emmy Awards, according to the Scotsman’s Brian Ferguson.
The museum also commissioned a new piece by designers VIN + OMI for a section of the exhibition on sustainable fashion. The team created the dress using nettles and horsehair from Highgrove, a private residence of Charles III and Camilla, with the word “resist” woven into the fabric. Additional sections of the exhibition showcase the work of Black British designers and explore the role of the color black in crafting an Afrofuturist aesthetic, as well as a film about fast fashion’s inequities.
“Beyond the Little Black Dress”' was already in the works when the pandemic hit. The team put the exhibition on hold, and the extra time provided an opportunity to “really reflect on its content,” Ripley tells the Scotsman. “We thought more about all the global issues and what people might want from a fashion exhibition.”
By showcasing both couture and modern looks that make political statements, the exhibition examines why, “in the fickle and fast-paced fashion world, the little black dress has achieved that rare status of being truly above the fray,” says Ripley in the statement.
“This garment became a lens through which you could view 100 years of social history and social change,” she tells the Scotsman. “More than any other garment, the LBD can be held up as a mirror to society.”
“Beyond the Little Black Dress” is on view at National Museum of Scotland in Edinburgh through October 29.


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Ford has promised that it will finally reveal the all-new 2015 Ford Mustang on December 5, but thanks to Autoweek we now have our first look at the new pony car. These two photos are from the upcoming Autoweek issue and reveal that it will still look like a Mustang, although a much more modern version.
Continue reading "2015 Ford Mustang Leaked Just a Few Days Ahead of its Debut" »
Later today MINI is going to officially unveil the 2014 MINI Cooper, but the first two official photos have already leaked out. Compared to the outgoing Cooper, the 2014 Cooper's design isn't a huge departure.
Continue reading "2014 MINI Cooper Leaked Ahead of its Debut Today" »
Earlier this year Honda gave the world a preview of its new compact crossover with the debut of the Urban SUV concept. The small crossover shares its platform with the Honda Fit and is going to arrive in the US in 2014. Honda hasn't unveiled the production version, but these new leaked patent photos show that it won't change a lot from the concept.
Continue reading "Honda's New Compact SUV Revealed Thanks to Patent Photos" »
We're only a few weeks away from the official debut of the 2014 Porsche Macan, but a brochure of the new baby Porsche SUV has already leaked online. These are the first camouflage-free photos of the 2014 Macan, which is going to debut at the Los Angeles Auto Show later this month.
The 2014 Macan borrows its platform from the Audi Q5 and will be offered in S and Turbo versions. The Macan Turbo is reportedly going to be powered by a twin-turbocharged a 3.6L V-6 with 395 horsepower and 406 lb-ft. of torque. The less powerful Macan S is expected to get a twin-turbocharged 3.0L V6.
Continue reading "2014 Porsche Macan Brochure Leaked" »
We have yet to see the 2015 BMW M3 sedan without any camouflage, but the sedan was recently caught on a photoshoot without any of the usual BMW camouflage. The M3 in this video was caught by a helmet cam during a closed-road photo shoot.
Continue reading "2015 BMW M3 Sedan Caught Filming in the Buff (Video)" »
Photos of the all-new 2015 Mercedes-Benz C-Class sedan have leaked. These photos are our first look at the exterior of the all-new C-Class, which takes many styling cues from the larger S-Class.
Continue reading "2015 Mercedes-Benz C-Class Photos Leaked" »
BMW is going to officially unveil the 2015 2-Series tomorrow, but new leaked photos are giving us our look at the M235i. The M235i is the top version of the new 2-Series coupe, well at least until an M2 Coupe is confirmed.
Continue reading "2015 BMW M235i Coupe Official Photos Leaked" »
BMW is going to unveil the all-new 2015 2-Series in a few days, but the replacement for the 1-Series coupe/convertible has already leaked online. 2Addicts has posted a few pictures from a recent dealer meeting that gives us our first look at the 2-Series coupe, which is going to arrive next spring as a 2015 model.
Continue reading "2015 BMW 2-Series Leaked Ahead of its Oct 25 Debut" »
The all-new 2015 Hyundai Genesis sedan has been spotted out in the open without any camouflage! The next Genesis is going to have its world debut at the Detroit Auto Show in January, but here's an early look at the all-new sedan.
Continue reading "2015 Hyundai Genesis Sedan Exposed!" »
Porsche has released another set of teaser photos of the 2015 Porsche Macan ahead of its debut next month at the LA Auto Show. These new photos show barely disguised Macan prototypes in the wild. Stay tuned for all the details next month.
Continue reading "2015 Porsche Macan Shown Basically Uncovered in New Teasers" »
Last week it was confirmed that Lexus is planning on releasing a facelifted version of the CT 200h hybrid, sometime in 2014. Now we have two new photos from a brochure that give us our first look at the refreshed hybrid.
Continue reading "2014 Lexus CT 200h Photos Leaked?" »
Two photos of the upcoming Lexus's BMW M4 fighter, the Lexus RC F coupe have surfaced online thanks to Japan's Best Car magazine.
Continue reading "2015 Lexus RC F Coupe Leaked" »
Honda has released some of the details about the new Civic Type-R, which will be powered by a turbocharged 2.0L four-cylinder engine, with at least 280 horsepower. Last year Honda set some ambitious plans for the Civic Type R to become the fastest front wheel drive car around the infamous Nurburgring circuit in Germany. The car still faces a further two years of development before going on sale in 2015 however, on-track testing has already begun.
Continue reading "Honda Confirms That the Next Civic Type-R Will Have at Least 280-HP" »
Say goodbye to the M3 coupe, BMW is reportedly going to unveil a new M4 Coupe concept this weekend at the Pebble Beach Concours d'Elegance in California. The new M4 Coupe Concept is a preview of the production version, which will only share about 20 percent of its parts with the 4 Series coupe.
Continue reading "BMW M4 Coupe Concept Leaked" »
Mazda has been hard at work revamping its entire lineup with new models like the CX-5, the Mazda6 sedan and most recently the 2014 Mazda3, which arrives this fall. With most of its current lineup being redesigned that leaves the Mazda2 hatchback as one of the oldest models in the Mazda lineup. Well Mazda2 fans won't have to wait to long for the next-generation. This magazine scan from a magazine in Japan possibly gives us our first look at the next Mazda2.
Continue reading "2015 Mazda2 Shows Up in a Japanese Magazine" »
It's being reported that Kia wants to expand the successful Kia Soul and one possible direction is a new all-wheel-drive version, which is shown in this rendering that has leaked online. This photo could be our first look at a more rugged version of the Soul with its beefier body cladding, roof rack and off-road ready tires.
Continue reading "Kia Soul Crossover in the Works?" »
Last week Mazda took the wraps off the all-new 2014 Mazda3 hatchback, but we have yet to see the sedan version. A photo of what appears to be the 2014 Mazda3 sedan has started circling the internet, but is it the real thing?
Continue reading "Is This the 2014 Mazda3 Sedan?" »
As one of the oldest models in the subcompact segment, everyone is eager to see what Honda has in store for the next generation 2014 Honda Fit, which is expected to arrive in the US early next year. The photos you see here may be our first look at the new 2014 Fit, which have shown up in a magazine.
Continue reading "Is This the All-New 2014 Honda Fit?" »
Automakers try really hard to keep their new models under wraps until they are officially unveiled, but that usually doesn't stop spy photographers from trying to get the best shots of the prototypes. Well Mercedes-Benz has beat them at their own game by releasing its own set of photos of its upcoming 911 competitor.
Continue reading "Mercedes-Benz Teases a Smaller SLS AMG (Spy Shots)" »
Ford is already testing the all-new 2015 Ford Mustang on the streets, which means spy photographers are swarming all over the place trying to grab shots of it. Here's a video of the a 2015 Mustang prototype in action and listen to the sounds of that V8!
Continue reading "Check Out the Sounds of This 2015 Ford Mustang Prototype (Video)" »
Mazda is slated to unveil the next-generation Mazda3 next week, but a photo of a 2015 Mazda3 sans camouflage has shown up on a Russian Facebook account. This is the second image of the new Mazda3 following a magazine scan.
Continue reading "2015 Mazda3 Hatchback Shows up in Russia (Spy Photos)" »
Is this our first unofficial look at the all-new 2015 Mazda3 hatchback? A picture of what appears to be the new Mazda3 has surfaced online. The all-new Mazda3 will adopt Mazda's new Kodo design language giving it a face that is very similar to the new Mazda6, which is a nice departure from the "smiling" face on the current Mazda3.
Continue reading "2015 Mazda3 Hatchback Exposed?" »
The first official photo of the all-new 2014 BMW X5 has leaked online just ahead of its debut in a few hours. Codenamed F15, the 2014 X5 is the third-generation of the popular crossover. From this single photo it's obvious that the new X5 takes some styling cues from the 3 Series as well as the X3 and X1 crossovers.
Continue reading "First Official 2014 BMW X5 Photo Leaked" »
The all-new 2015 VW GTI is slated to arrive around this time next year, but the model that most enthusiasts are probably most excited about is the top dog of the Golf lineup, the Golf R. VW hasn't unveiled the new Golf R, but prototypes of the high-performance hatch have been zooming around the Nürburgring in Germany.
Continue reading "2015 VW Golf R Prototype Hits the Track (Video)" »
The current BMW M5 is set to get a minor facelift for the 2014 model year and the first official photos were leaked onto BMW's website. The configurator on BMW.de was accidentally updated too soon, giving us our first look at the minor updates we can expect from the 2014 M5.
Continue reading "2014 BMW M5 Photos Leaked Revealing a Very Minor Facelift" »
A brochure for the all-new 2014 Mercedes-Benz S-Class has leaked online ahead of the sedan's debut next week. We've already seen one photo of the new S-Class, but now we get to see even more, including its profile, the rear end and full shots of the interior.
Continue reading "2014 Mercedes-Benz S-Class Brochure Leaks and Gives More Details" »
Toyota is set to unveil the all-new 2014 Toyota Corolla at a private event in Los Angeles and of course we will be there for all the live details. But in the meantime a leaked order guide for the new Corolla and a few notes from someone who has seen the car, provide a few early details of what we can expect.
Continue reading "2014 Toyota Corolla: Leaked Order Guide Provides a Few Early Details" »
Jaguar's F-Type convertible is just arriving, but it's no surprise that Jaguar is working on a coupe version of its latest sports car. Patent photos of the upcoming Jaguar F-Type coupe have surfaced online and give us our first look at the upcoming coupe.
Continue reading "Jaguar F-Type Coupe Unveiled in New Patent Photos " »
The first official photo of the 2014 Mercedes-Benz S-Class has leaked online, which gives us our first look at the new sedan. The 2014 S-Class is going to officially be unwrapped in a few weeks. The new S-Class will get a new sleeker exterior that features many of the same design cues as the much smaller CLA.
Continue reading "2014 Mercedes-Benz S-Class Photo Leaks Out" »
Following this morning's teaser photo of the Mercedes-Benz GLA crossover concept, we now have the first official photos. Photos of the GLA compact crossover have leaked online ahead of its debut this weekend in Shanghai.
Continue reading "Mercedes-Benz GLA Concept Photos Leaked" »
We're getting closer to the official debut of the all-new 2014 Mercedes-Benz S-Class. Mercedes-Benz has already unveiled the all-new sedan's interior, but we have yet to see its exterior. It's debut must be getting close since prototypes are now driving around with very little camouflage. A reader sent us these photos of a 2014 S-Class prototype driving down Santa Monica Blvd in West Hollywood, CA.
Continue reading "2014 Mercedes-Benz S-Class Caught Driving Around Los Angeles (Spy Shots)" »
Maserati is going to officially unveil its newest model, the 2014 Ghibli sedan in Shanghai later this month, but the first photos and info has been released this morning.
Continue reading "2014 Maserati Ghibli Officially Unveiled" »
BMW is finally giving the world a preview of its upcoming X4 crossover with the X4 concept at the Shanghai Motor Show. Unfortunately for BMW the first batch of photos have already leaked online giving us a full view of the concept's exterior.
Continue reading "BMW X4 Concept Photos Leak Ahead of Its Debut in Shanghai" »
Photos of the revised 2014 Porsche Panamera have leaked online ahead of Porche's official release. The updates to the 2014 Panamera are pretty small with the exterior updates only being new headlights and a front bumper out front and the rear getting new LED taillights, a new bumper and a slightly revised tailgate. Inside the changes are probably even smaller.
Continue reading "2014 Porsche Panamera Photos Leak Online Ahead of Its Official Debut" »
Today is the official kick off of the 2013 New York Auto Show and even though Subaru has yet to hold its press release, photos of its new WRX Concept have leaked online ahead of its debut in NYC. It's been reported that Subaru wants to move the next WRX further away from the Impreza and if the concept is any indication, the next WRX and WRX STI will do just that. These photos of the concept reveal a new WRX that will get a sleeker and more aggressive exterior than the standard Impreza models.
Continue reading "Subaru WRX Concept Photos Leaked Ahead of Its Debut at the New York Auto Show" »
Here's another exciting post for tonight. It appears that the first two official photos of the all-new 2014 Range Rover Sport have leaked on the eve of its debut in New York. Tomorrow night Land Rover is going to reveal the all-new 2014 Range Rover Sport in New York, which is the day before the official start of the 2013 New York Auto Show.
Continue reading "2014 Range Rover Sport: First Official Pics Leaked" »
The 2013 New York Auto Show officially kicks off this week and with that we can expect to see lots of leaked photos and information drop ahead of the show. The first official photos of the all-new 2014 Cadillac CTS have leaked online today just days before we see the new Cadillac on Tuesday night in NYC. These new photos don't show off the complete car, but give you your first look at the front and rear. From these photos its apparent that new CTS will get many of the same styling cues used on the ATS and XTS models
Continue reading "2014 Cadillac CTS Photos Leak Ahead of Its New York Debut" »
Land Rover has announced plans this week to unveil the all-new 2014 Range Rover Sport at the upcoming New York Auto Show. We're a few weeks away from the official debut of the new Range Rover Sport, but in the meantime two leaked photos have surfaced online. The two photos of the 2014 Range Rover Sport were posted on a Facebook page and show the new SUV parked in a garage.
Continue reading "2014 Range Rover Sport: Photos of the New SUV Leak Ahead of its Debut in New York" »
Next month Chrysler is expected to debut the replacement for the Jeep Liberty, which will reportedly revive the Cherokee name here in the U.S. It looks like a facotry insider managed to grab some shots of a few prototypes that were then sent over to the guys at Jalopnik.
Continue reading "Early 2014 Jeep Cherokee Shots Show Off Its Aggressive Face" »
It looks like someone at Ford accidentally leaked an image of the upcoming 2015 Ford Edge in a powerpoint presentation. The powerpoint slide was created for the Deutsche Bank Global Auto Industry Conference and showed Ford's global lineup. Rather than show the current Ford Edge, the slide contained a small image of the upcoming 2015 Edge.
Continue reading "Ford Accidentally Leaks an Image of the 2015 Ford Edge" »


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By Marc Betesh, founder and CEO of Visual Lease
While the commercial real estate industry has experienced many uncertainties during the pandemic, the industrial and logistics market continues to thrive. With the rapid acceleration of e-commerce in the wake of COVID-19, major online retailers are picking up large warehousing and manufacturing spaces to keep up with the surge in demand, which is ultimately responsible for industrial real estate experiencing vacancies at historic lows in 2020.
The trend of moving operations online is likely to continue at a faster pace after the pandemic subsides. Major retail companies have taken notice and are starting to capitalize on available real estate, converting square footage in malls to last-mile delivery centers and buying up spaces in logistics parks.
To accommodate the increase in tenant demand, the industrial real estate market has already started to adapt. However, with all of the additional leases that have occurred in the short-term, is there still opportunity for this sector to grow?
Who Are Industrial’s Biggest Winners?
According to the U.S. Commerce Department, during the first half of 2020, e-commerce sales rose by 44 percent relative to that period in 2019. This rate of growth marked the highest year-over-year increase for any recorded second quarter and the second-highest rate of any quarter or year overall.
E-commerce giant Amazon has continued to set the pace for many industries, including warehousing and logistics This year alone, Amazon leased its third warehouse in New York, a nearly 1 million square-foot building within the 200-acre Matrix Global Logistics Park on Staten Island. The company already has a large, last-mile sortation center at that location that fulfills orders with state-of-the-art inventory storage, retrieval and distribution operations.
Additionally, retailer Urban Outfitters announced in August it would build a $350 million omni-channel distribution center to support the company’s digital growth. The 880,000-square-foot development, located near Kansas City, is scheduled to be complete by 2022 and will enhance the company’s distribution center network and bring thousands of jobs to the region.
How High is the Ceiling?
As more companies shift to online delivery models, total supply growth of industrial real estate in the United States could reach an additional 1 billion square feet by 2025, according to a recent report from JLL. This projected growth will create more demand in the short term.
With these large estimations, many industry professionals have raised concerns about running out of facilities. In turn, these concerns have required companies to get creative by using other commercial real estate spaces to meet their needs. Most notably, Amazon has explored turning vacant stores in regional malls into last-mile fulfillment centers for faster delivery and more convenient returns for its customers.
Along with companies utilizing new space for their supply chain needs, the demand for industrial real estate will spark a boom of new construction across the country. These build-to-suit properties will address the vacant space shortage and help companies that are looking to expand their industrial real estate footprints.
Future of Industrial Real Estate
As a result of COVID-19, the commercial real estate industry is evolving to meet the needs of companies that had to drastically adjust their business models. Trends we were seeing in the retail industry pre-pandemic have been accelerating, including a rise in online shopping, in-app ordering and home delivery. This quick shift has led to the demand for industrial space, which is only expected to grow in the coming years.
Additionally, as more companies prioritize technology to streamline and accelerate logistics workflow — including investing in robotics and automated solutions — more modern spaces will need to be created for these operations. We could see a rise in demand for more technologically advanced facilities from major retailers like Amazon, Target and Walmart — companies that are known leaders in innovation and experience high sales volumes.
Industrial real estate has remained strong and managed to grow since the pandemic started with relatively little adaptation from landlords. As a result of social distancing measures, people have been less likely to gather at crowded malls and shopping centers, accelerating e-commerce and causing a greater demand in industrial and logistics space.
With this surge, it will be interesting to see how companies get creative with available space and new building plans to continue to transform expectations in the industry.


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A little over a month ago, Canada became the second nation in the world to legalize recreational cannabis, making it the largest legal marketplace in the world. Aiming to help Canadians have a happy holiday, one business has already launched a Christmas advent calendar for the cannabis connoisseur.
The new calendars are made by Canadian brand Kush Calendars. Like a traditional advent calendar, it features 24 days of small presents for the giftee – except where most advent calendars involve sweets, this one comes with 24 grams of flower – in other words, one gram per day.
Of course, you need to be at least 19, the legal age for cannabis consumption in Canada, to purchase a Kush Calendar. Those who can will gain access to “the best strains from Canadian companies” – with a different variety every day – right up until Christmas Eve. Wanting to preserve the nostalgic experience of opening an advent calendar, the company has not disclosed any exact strains, but at least one supplier is known: the British Columbia-based West Coast Cannabis.
So far the concept is a hit with consumers; according to Kush Calendars’ Instagram, there was such a spike in orders yesterday that the brand’s site crashed. However, the company assures that it’s not too late to place an order.
This is the first time that Canada has offered a legal recreational cannabis calendar, but it isn’t the first ganja-themed gift in the nation. Last year, medicinal marijuana company Coast to Coast Medicinals launched its own advent calendar. For the item, buyers choose what’s inside from a list including flower, indica only, sativa only, edibles, and CBD. Last November, company founder Lorilee Fedler told CTV that she was overwhelmed by the customer response to the concept, with a waiting list of more than 1,500 people.
“We just wanted something fun and different for adults,” she said. “We didn’t expect it to be so popular.”
So far, only two nations in the world – Canada and Uruguay – have legalized recreational cannabis. Just hours before the announcement, the Canadian government went one step further and pardoned all who had been convicted of possessing more than 30 grams of marijuana, providing justice to tens of thousands of people.
Despite the longheld demonization of the plant, it’s proven to be popular. Shortly after Canada’s government gave legal weed the green light, countless news sources reported that the nation’s dispensaries were running out. The industry is expected to be lucrative – a 2016 study by business firm Deloitte predicted that the recreational industry could boost the Canadian economy by as much as $22.6 billion annually.
Kush Calendars’ new cannabis advent calendars cost $220 and can only be ordered online.
Image Credit: Kush Calendars
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Today, HP is announcing all-new laptops from its mainstream EliteBook 800 series, along with new ZBook Firefly mobile workstations. They all include things like Intel's new 11th-generation 'Tiger Lake' processors, which add things like Iris Xe graphics and Thunderbolt 4, 4G LTE or 5G connectivity, built-in Tile, and more.
Some of these features first showed up in HP's Elite Dragonfly, including 5G and Tile integration. If you're unfamiliar with Tile, it's a product that helps you find your stuff. Normally sold as a tag that you can attach to something like your keys, this one is actually built inside of a laptop.
"Our continued collaboration with HP is all about giving users and IT departments peace of mind," said CJ Prober, CEO of Tile. "Tile comes pre-installed on these devices and is easily activated to ensure you never have to wonder where your laptop is."
While the new EliteBook 800 G8 series comes with Tiger Lake processors, HP notes that vPro variants will be available in January, something that Intel has not announced. This is notable, because 10th-generation vPro machines had to come from the 14nm Comet Lake family; there were no vPro chips from the 10nm Ice Lake family. That means that the upgrade here is even more significant, because you're getting Iris Xe graphics over regular old UHD Graphics.
Specifically, the three new laptops are the EliteBook 830, 840, 850, and x360 830, with the numbers indicating the screen size and x360 indicating that it's a convertible. The larger EliteBook 850 G8 comes with optional Nvidia GeForce MX450 graphics, and the x360 830 comes with the rechargeable Active Pen G3.
Next up is the ZBook Firefly, which comes from HP's mobile workstation department. It has the same processors, and it has a Pantone Validated DreamColor display. Pantone Validated means that it can recreate the full range of Pantone colors. You can also get it with the Nvidia T500 GPU with 4GB GDDR6 memory, and HP is promising 2.6x the performance of the Dell Precision 3550.
"High-performance solutions that keep people connected and productive are essential for remote work," said Sandeep Gupte, senior director of Professional Visualization at NVIDIA. "NVIDIA T500 in the HP ZBook Firefly G8 will enable graphics-intensive work in an ultra-compact form factor, no matter the location."
All of these new PCs are expected to be available this month, and pricing will be announced closer to availability.


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A MAN was left stunned by a 'tropical' Airbnb in Birmingham available for £50 a night – only to discover it was just a tent.
Jordan Lewis was on the hunt for some cheap accommodation he'd be able to stay at during the Commonwealth Games this summer.
While he was searching, Jordan found a place for £50 a night which piqued his interest.
But when he clicked on the Airbnb listing, he discovered it was just a tent in someone's garden.
Host Brenda described the accommodation as: "Tropical garden oasis – unique camping experience."
She also kindly confirmed guests would have access to the entire tent and they could go inside to use the toilet in her house.
Jordan took to Twitter to share his discovery.
He wrote: "Trying to find some reasonable accom in [Birmingham] for the Commonwealth Games because they're all inflated at £300+ a night.
"Found one on Airbnb for £50, only to click on it and be in a TENT IN SOMEONE'S GARDEN."
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Bitcoin as a peer-to-peer electronic cash system cannot be allowed to survive.The article uses the Million Dollar Home Page as an example of an interesting historical artifact that tells us a lot about the internet of 2005 in.You can also read the latest news, or engage with the community on our Bitcoin Forum.Bitcoin Price (BTC USD): Get all information on the Bitcoin to US-Dollar Exchange Rate including Charts, News and Realtime Price.
$19 Million in Bitcoin Hits the Auction Block in AustraliaAvailable for Android and iOS: Try out the new Bitcoin.com Mobile Wallet.Xapo CEO Wences Casares believes there is a decent chance that the bitcoin.Over a million dollars have been stolen from a service that offered a digital wallet service for owners of Bitcoin, according.All that has to happen is one or two decent sized emerging economies to make bitcoin the official currency.The only question regarding million dollar bitcoin is weather a bitcoin buys you an island, a house, a car, a vacation, or a cup of coffee.Redman has written hundreds of articles about the disruptive protocols emerging today.
Expert: Seven Reasons Why Chinese Regulators Shut Down Bitcoin Exchanges.PR: Bitboost Releases Beta Version of the Block and Prepares Token.
More than a million dollars in Bitcoins stolen by hackersWe also heard it from a major bitcoin publisher over a year ago.
Bitcoin: 1 Million US- Dollar in 10 Jahren? - dailyfx.com
Coinbase Is Officially Bitcoin’s First Billion-DollarThe Million Dollar Homepage is a website conceived in 2005 by Alex Tew, a student from Wiltshire, England, to raise money for his university education.
Get the latest price charts, statistics and our news feed on your site.Resteem this post if you knew what ETH was at the hard fork where ETC and ETH diverged.
There are a lot of things that would need to go right for bitcoin before a million-dollar.Phoenix, AZ — An Arizona man got the surprise of his life when a ten dollar investment at a neighborhood garage sale this weekend turned him into a millionaire.
Bitcoin just passed $4,000 | TechCrunchWe do not censor any comment content based on politics or personal opinions.Alongside this, the startup has been developing its open source Bitcore software for over a year now.
With State Adoption Just Like With the Speculators, the Early Adopters Get the Highest Reward.
Million Dollar Homepage - Business PunditThe money was spent on new bitcoin mining hardware. which will be worth more than the million dollars.We value having Bitmain as a customer, and we believe that miners and mining technology providers like Bitmain play a vital role in the security and ongoing success of the Bitcoin blockchain.The Million Dollar Homepage was a phenomenon in 2005, but almost a decade on, it stands as a monument to the fragility of the internet: over one-fifth of the links on.But the domain BTC.com pulling in over a million dollars at a time when the cryptocurrency is.Bitcoin is big business, Bitcoin price and value is exploding, Bitcoin is gaining acceptance, Governments are approving of Bitcoin, the demand for Bitcoin.
Bitcoin Thief Steals $100 Million on SheepsheadQuoine Exchange Sued Over Multimillion-Dollar Bitcoin Trade Reversal.
IT worker throws out hard drive, loses $7.5 millionThe amount of currency in actual circulation is far less than the global GDP, but the amount of actual money when debt, derivatives, real estate and investment is over a quadrillion (that is 1000 Trillion) dollars, a lot more according to some estimates of the derivative markets.
Record $1 billion invested in Bitcoin firms so far - NovKilobitcoinhomepage.com Offer Million Dollar Homepage Style Advertising for Bitcoin.
Bitpay details the company will be utilizing its six years of experience building peer-to-peer payment technology.There are about 11.7 million bitcoins in circulation, with another 25 created every 10 minutes.Do you have a million dollars hanging around, plus enough spare change to keep living on till the end of 2015.The tablet revolution has enabled them to create a solution for less than half of that price.


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Amazon Germany offers a massive price dop on PlayStation Vita bundled with LittleBigPlanet or Assassins´s Creed, starts from 144 EUR/ $191.
its cuz the ones for 144 or 147 euro are used, the new ones r still for around 280 euro +/-
no, the offers was from this morning and all seems be sold off ..
N4G is a community of gamers posting and discussing the latest game news. It’s part of NewsBoiler, a network of social news sites covering today’s pop culture.


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The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo stated that the Federal Government seeks to increase development into Nigeria’s Special Economic Zones (SEZ) with the aid of Foreign Direct Investments.
The Minister disclosed this at the Nigerian in Diaspora Commission (NiDCOM) virtual lecture which held on Friday with the Theme: “Post-COVID-19 Economic Resurgence: Targeting Diaspora Investment”
Nairametrics reported in September that the Minister stated that Nigeria is actively working to attract more foreign direct investments into key industries to meet the demands of the African Continental Free Trade Area (AfCFTA).
Mr. Adebayo urged stakeholders in the Diaspora at Friday’s event to take advantage of opportunities to invest in Nigerian Special Economic Zones to boost economic productivity.
He added that the Special Economic Zones will be located in Lekki, Enyimba, Funtua, Ibom, Calabar, Bauchi, Kwara, Kano, Benue, Gombe and Ekiti. With investments in sectors including cotton, textiles and garment industry, and backward integration programme to expand local production of sugar, cassava and oil palm processing.
The Minister added that the SEZ’s have the potential to boost local car assembly production to 480,000 per annum.
He also added that the pandemic affected foreign investor confidence in Nigeria as supply chains of goods and services were heavily disrupted in Nigeria.
“Commercial activities and movement of goods and services within the country were severely constrained; culminating in job losses and downsizing by various businesses; which may affect their Investment and encourage capital flight if not addressed critically.
“Also, this impact has been significantly felt across various sectors such as the agribusiness, healthcare, manufacturing, entertainment, tourism and hospitality, transportation and retail sectors amongst others.
“Of course, individuals, households, Micro, Small and Medium Enterprises (MSMEs) and large corporations have not been spared from the effect of the crisis,” he said.


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Germany's E.ON set for major reorganization: report
Germany's leading energy company E.ON is poised to announce a major reorganization that could see it shedding some of its least profitable sectors, Spiegel magazine reported.
Over the next two or three years, E.ON head Johannes Teyssen wants to sell or open to partnerships less lucrative areas of the company, Spiegel said, citing company sources, in its edition to appear Monday.
That may include selling its E.ON Ruhrgas division that sells natural gas to some 15 million consumers in Germany.
E.ON is expected to announce its detailed quarterly results on Wednesday.
Among other changes, the group is expected to partly disengage from some of its European operations in order to develop new markets such as China and Brazil, the magazine said.
E.ON recently announced it would book charges worth 2.6 billion euros (3.6 billion dollars) for devalued assets in France, Italy and Spain.
The assets were bought by EON for 11.8 billion euros after the Spanish group Endesa was acquired by the Spanish-Italian consortium Acciona-Enel
© 2010 AFP


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Sweets and treats including Smarties, Caramacs and Kit Kats are banned at Twycross Zoo.
The Leicestershire zoo has outlawed all Nestlé food and drink products in response to fears the firm's use of palm oil was damaging habitats.
Nestlé could not promise that the palm oil it uses is from sustainable sources last month - and was kicked out of the Roundtable on Sustainable Palm Oil (RSPO) as a result.
The RSPO is backed by a range of conservation organisations such as WWF UK, The Orangutan Land Trust, The British and Irish Association of Zoos and Aquariums, and more - so Twycross and other zoos including Chester Zoo have taken action, report the Chester Chronicle .
Twycross Zoo CEO, Dr Sharon Redrobe, said “We fully support the RSPO’s decision to suspend Nestlé and can confirm that we do not stock Nestle products at Twycross Zoo.
“We at Twycross Zoo are committed to certified sustainable palm oil and we were dismayed to see that Nestlé was suspended from the RSPO on June 28 for failure to comply with regulations and submit a report detailing how Nestlé would ensure the use of certified sustainable palm oil.
“Our institution is a member of the World Association of Zoos and Aquariums and it is our mission to protect and preserve the habitats of all species. As an organisation, we have set up an institutional palm oil policy and reviewed all our practices, changed suppliers when needed to achieve our goal and only use sustainable palm oil in all of our operations."
Nestlé was criticised for failing to submit a report stating how it would ensure the use of certified sustainable palm oil, an edible vegetable oil which is the world’s most widely used vegetable oil.
As global consumption is rising unsustainable oil palm plantations are destroying rainforest homes in South East Asia and pushing wildlife such as orang utans to the brink of extinction.
A new report by the International Union for the Conservation of Nature has identified sustainable palm oil as the most viable solution to the environmental crisis if further palm oil related deforestation is avoided.
Dr Redrobe continued: “It is our understanding that RSPO allows suspended members 14 days in which to return to compliance.
"We urge Nestlé to do the right thing and commit publicly and practically to the certified sustainable palm oil community.”
You can read the full suspension notice here .


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Instacart and Aldi Announce EBT SNAP Pilot to Increase Access to Same-Day Grocery Delivery
Today, Instacart is proud to announce its partnership with ALDI to introduce EBT SNAP payments for same-day online grocery delivery and pickup. For the first time ever, EBT SNAP participants will be able to access fresh food and pantry staples via same-day delivery and pickup from Instacart. This program begins in the coming weeks across ALDI’s more than 60 Georgia stores, and will expand to more than 570 stores across Illinois, California, Florida and Pennsylvania in the coming months.
At Instacart, our mission is to create a world where everyone has access to the food they love and more time to enjoy it together. The introduction of Instacart’s EBT SNAP payments comes at a time when food insecurity in the U.S. has compounded as the nation continues to be impacted by COVID-19. According to Feeding America®, due to the effects of the pandemic, more than 54 million people may experience food insecurity in 2020, which includes a potential 18 million children. In Georgia specifically, food insecurity impacts 12.5% of the population and disproportionately affects communities of color.
As the country continues to grapple with the effects of COVID-19, we believe Instacart has an opportunity to increase access to fresh, nutritious food and pantry staples by unlocking EBT SNAP payments for online grocery delivery and pickup services. We’re proud to partner with ALDI to help connect even more people to the groceries and goods they need, and are committed to being a long-term solution for EBT SNAP households nationwide.
With EBT SNAP payments on the Instacart platform, customers will be able to shop and select from ALDI’s EBT SNAP-eligible products. Once items are added to their cart, customers will be able to select how much of their benefits they would like to allocate to the order.
Bringing EBT SNAP capabilities to Instacart is another step in our ongoing commitment to supporting communities that are facing growing food insecurity, while increasing access to quality food. Earlier this summer, we launched the #GiveFromTheCart Challenge to benefit Feeding America and fight rising hunger in the wake of COVID-19. As part of the campaign, Instacart donated 1 million meals to Feeding America.
To learn more about our new EBT SNAP partnership with ALDI, you can read the full press release here.
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Several other equities research analysts have also recently issued reports on the company. Morgan Stanley set a €13.00 ($16.05) target price on Hellofresh and gave the stock a neutral rating in a research note on Thursday, February 15th. Berenberg Bank set a €14.50 ($17.90) price objective on Hellofresh and gave the company a buy rating in a research note on Thursday, February 1st. JPMorgan Chase reaffirmed a neutral rating and issued a price objective on shares of Hellofresh in a research note on Tuesday, January 30th. Finally, BNP Paribas set a €13.00 ($16.05) price objective on Hellofresh and gave the company a buy rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of €13.70 ($16.91).
HFG stock traded up €0.15 ($0.19) during midday trading on Thursday, hitting €13.68 ($16.89). 29,876 shares of the company’s stock were exchanged, compared to its average volume of 33,734. Hellofresh has a 1-year low of €8.86 ($10.94) and a 1-year high of €14.00 ($17.28).
WARNING: This piece was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://stocknewstimes.com/2018/04/17/hellofresh-hfg-pt-set-at-14-00-by-deutsche-bank.html.
HelloFresh SE delivers pre-portioned ingredients that enable subscribers to prepare home-cooked meals each week using its recipes in Germany, the Netherlands, the United Kingdom, the United States, Canada, Switzerland, Australia, Austria, Belgium, and Luxembourg. It operates an Internet platform that provides customers the choice between various kinds of meals and recipes to be delivered on selected weekdays.
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College, a trying but formative period for all of us, is where Brad Pitt, Chanel No. 5 spokesman extraordinaire, stumbled upon Art Deco and did nothing short of fall in love. “I’ve been doodling ideas for buildings and furniture since the early 1990s, when I first discovered [Charles Rennie] Mackintosh and Frank Lloyd Wright,” he told Architectural Digest. “It forever changed my life.” Pitt reportedly spent his first acting paycheck on “a period Craftsman chair and a Frank Lloyd Wright–wannabe lamp.” Decades later, now that his paychecks are capable of financing much larger things, he’s turning his doodles into a luxurious new line of furniture.
In a recent interview with the magazine, Pitt waxed poetic about how the uninterrupted lines Mackintosh’s Glasgow rose, or the elegant use of lustrous exotic woods by French Art Deco masters Émile-Jacques Ruhlmann and Paul Dupré-Lafon have led to his collaboration with New Jersey-based custom furniture designer and manufacturer Frank Pollaro. The two are planning a joint show in Chelsea this month, slated to feature about a dozen of Pitt’s creations — ornately crafted tables, chairs, and a bathtub for two — alongside 45 of Pollaro’s.
Pitt is already known as a modernist furniture collector and an architectural enthusiast (he tapped the likes of Frank Gehry and David Adjaye to build homes for his Make it Right Foundation), but the effort and extravagance of his line is on a wholly unexpected level. Characterized by the splendor of 24k gold, Statuario Venato marble, and tropical woods; painstaking handcraftsmanship; and a luxurious scale “capable of seating, one imagines, the entire Jolie-Pitt clan” (Zing!), the collection promises to be pricey. Without getting into specifics, Pollaro, whose work already goes for prices at the higher end of the custom furnishing scale, threw the $45,000 figure as a low-end estimate.
The ever-humble Pitt said he would rather not “get ahead of ourselves” by identifying himself as a furniture designer. But to quote the whispering melodrama of his recent Chanel ad, the label is going to be “inevitable.”
The images of Brad Pitt’s upcoming furniture collection can be seen here. The entire collection will be unveiled November 11.
— Janelle Zara


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Camp was dead money for much of 2021 – but it’s showing signs of life again. The next month could go a long way in determining the direction of the stock for the next few quarters and beyond.
There is a lot going on. For starters, Teslas “Beta button“has come. Tesla owners (ticker: TSLA) can now request the most advanced version of Tesla’s autonomous driving software called Full Self Driving, or FSD, at the touch of a finger. The button went live on Friday. It’s just the next feature the company is likely to have hopes drivers will flock to Tesla’s cars in droves.
Next up is Tesla hold its annual general meeting in 2021 at the company’s new Gigafactory in Austin, Texas on October 7th at 5:30 pm. Easter time. The choice of the venue speaks for itself. It is Tesla’s second major manufacturing facility in the US and the one that will produce the Cybertruck in early 2022. Investors will be very interested in what the plant looks like and what Tesla management has to say when Cybertrucks and Model Ys, the other car made in Texas, roll off the assembly line. The German Tesla plant is slated to start producing cars in October.
The coming year will be the year of the EV truck. Tesla,
(GM) will, among other things, offer some fully electric light trucks for sale. It’s a huge expansion of the EV addressable market. Trucks are popular vehicles in the United States.
After the annual general meeting comes the next big event: the results of the third quarter. These are due at the end of October. Wall Street is targeting earnings of $ 1.38 per share on sales of $ 13 billion. Tesla earned $ 1.45 per share from $ 12 billion in revenue in the second quarter.
Analysts are assuming delivery of around 221,000 vehicles. The company delivered approx. 201,000 vehicles in the second quarter.
This is all happening as Tesla stock is at its highest level in months. The stock closed at $ 774.49 on Friday. The Tesla share has risen by around 10% in the year to date and is thus just behind the comparable growth of the S&P 500 and Dow Jones Industrial averagee. But all of these gains have come recently. Tesla stock is up 15% in the past three months.
If nothing else, Tesla stock should be more exciting – for Bulls and bears-in the following months.
Write to Al Root at [email protected]